The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-21
THE REAL-ESTATE BUYERS
They Continue to Come to Indianapolis
from All Directions to Invest Money.
Why They Have Confidence in the Future of
the City-SeveralN Notable Transactions Yes
terday-New Buildings To Be Erected.

The boom is attracting many capitalists
from the East to this city. They men who
have had experience in booms and not In
hurry about investing, but after thoroughly in
vestigating the condition of the market they
usually make purchases. Nearly all who have
SO far invested express confidence in the future
state Of the market. Few cities, they say,
with such outlook could repress excitement
and wild speculation we'll as Indianapolis has.
''The people here the most conservative l
ever met" said gentleman from Findlay, O.,
yesterday. II have an idea they are too
servative, and will not branch
much they should. 1t takes risks to
start city on the upgrade, and the citizens
here should not be afraid to 60 ahead. There
can be risks tal.en. With the advance there
has been, property is still lower in and around
Indianapolis than any other city of it's size in
the Union, and with the introduction Of gas as a
fuel it must greatly increase in value"
Among the new buyers in the city yesterday
were several from Wichita Kan. They are
very favorab,y impressed with Indianapolis
Cincinnati Cleveland and other cities well
represented. DIR. II. W. Albers, of Cincinnati
dropped in yesterday morning. and through w.
E. Mick, in the afternoon, contracted for eighty
lots in Clark's addition, just north of Haugh-
vile, for which he pays $4,000. Several other
sales almost as large were made. but none of the
deeds have yet bsen recorded The outside
capitalists nearly all looking for large tracts
Of outlots, and they find some difficulty in find
iue tracts large enough to suit them.
The Schurmann heirs still disposng of
their land north of the city. Twentv-o acres,
north of Twelfth street. were sold to A. A.
Barnes, yesterday, for about $1,000 The
purchase includes the ground on which
the Twelfth-street well Is situated The
much talked-of sale of Newman Oaks Park by
Receiver Wallace, WAS consummated yesterday.
The purchaser was Wilbur H. Tallman. OF Bel
mont county Ohio. The price paid was SIS, 500.
Six lots in James p. brakes addition sold
by the Equitable Trust Company TO Dwight
Cutler, jr., for $l2, 75S. Two weeks ago the lots
could have been bought for 81, 500 each.
Woodlawn lots are being sold daily at an aver
age of 81. 600 each. Some have brought as high
rs 81, 500. The Phoenix Life Insurance Company
have quite a number of lots in Bruce Place, that
they disposng of rapidly Sixteen
sold to c.. e Cowgirl yesterday, for S., AGO. Nor
rison's addition is also a favorite. and the unsold
lots are going very rapidly. The two lots sold
yesterday were bought by Arthur Jordan, who
paid for them 81 800. The old Holmes farm be-
yond Mount Jackson, at the intersection of the
National and Rockville gravel roads. has been
undivided. ana ten lots were sold yesterday for
s., 000 The purchaser is John l.. Spaulding.
Considerable farming land over the county is
changing hands. at from 10 to 10 per cent. ad-
vance over last years valuation. The deeds re-
corded yesterday were as follows:
Lewis, lots so. 81 and 90, in Harlan
Arden & Joness addition to lndanapo-
Otto to- &. Wright to Charles s. Lewis. lot o'00
70, in Harlan Jones 81 Arden's addition
Mary f. cleveland TO samuel r. Soc
well. part of lot 35, in Park Place addi-
tion to Indianapolis 1880
Harry J. Mligan, trustee, to George j.
Smith. lots Is and 16, in Migans
Park Front addition to Indianapolis 10000
Isaac b. johnson to Robert S: Stall. lot
1873. in johnson s. Hogshire's East
Washington-street addition to Indian
Mary e. Hogshire to Arthur s. Stall lots
124, 127 and AL in johnson Hog
shire's East Washington street addition o
Mary =: Togshire to Nathaniel B. Stall,
dition TO Indianapolis 49, '..---- 10000
Isaac b. johnson to Nathaniel b. Stall
lot 80, in johnson & Hogshires East
Washington. street addition to Indianap-
Harry j. Miiiigan. trustee, to Nathaniel
b. Stall, lot q square H. in S. A.
Fletcher, jr.'s northeast addition to
Harry j. Muiligan. trustee, to John NJ.
Boyd, lot II in square in y A.
danapoiis.. Z. = $500
2, in Levi Filters addition to Irvington 10000
Henry Davis to L. f. Montague, part of
Wooalaw ; addition to indianapolis 100000
William Wallace. receiver, to Wilbur d.
Newman Oaks Park ee--'-.-...-.. 1s,5oo.oo
Carey E. Cowgirl ct al, 16 lots in
annapolis. $4,000
10, in John Frost. jrs Haughville sub
Mary i. J. Taylor to Arthur Jordan. lots 81
ond addition to indianapolis 100000
H. in Fiscus's subdivision of part of
to Indianapolis So. ... -. 100000
Peter Spitzfaden to John L. spaulding,
Lee of
so GG fao.ln's "es.sn1 'iO 100000
lot 30, in Hubbard ct ais southeast ad- 900
Samuel w. Elliott to Robert Greenman ct
al. LOTS. in Ellotts subdivision of lot
apos --.-----..-.--.-.. 100000
Cutler jr.. ct al, lots l, 2 3, A, > and
, dition to Indianapolis. - - 1275ooo
Albert H. Olmsted ct al. to Emma and
Lizzie Barthel. lots 3 and 4. in Northrop
& Illusions addition to Indanapolls. 100000
The Equitable Trust Company to Annie
Cunningham lot 4. in Isaac Goes first
subdivision of square IL, in Indianapo-
ACKNOWLEDGEMENTS. 100000
Conveyance. %; consideration s5o, $50. 90
The squirt of improvement is keeping pace
with the activity of the real estate market.
Houses are going up IN every quarter of the city.
Col. Horace Scott, who has purchased the lot at
the corner of Second and Illinois streets, is max
ing some extensive improvements. He has de-
cided TO build five brick dwellings. three
on Illinois and two Second street, all to be
provided with modern appliances. In all, about
$40, 900 is to be invested. The permits issued
yesterday were to ID. w. Howe for a two-story
frame house No. sos North New Jersey street,
81, SO0 George Walters frame cottage. on Ash
street, near Tenth, 5000; Malott 81 Yandes.
brick business block, on Illinois street, between
Louisiana and Georgia streets, $23, 475.
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RECORD OF THE COURTS.